Bibby Financial Services looks to total reward proposition to help it stand out from the crowd

Bibby Financial Services achieved 31st place in the 2016 Sunday Times 100 Best Companies to Work For list, moving up 19 places from its 2015 ranking. This is the fifth time that the organisation has ranked in the top 100.

The organisation, which employs approximately 780 people in the UK, shared the news of its achievement through a range of channels, including an email from the global chief executive to all staff across the firm’s international locations. The listing was also communicated via posters, window stickers, at team meetings, and the chief executive shared the pride he felt in the organisation receiving the accolade through a video blog posted on Bibby Financial Services’ intranet.

Vicky Smith, reward manager at Bibby Financial Services, says: “We’re very proud to be a Sunday Times’ Best Company to Work For. The fact that we were 95th back in 2011 and we’ve jumped up to 31st in 2016 is testament to how much we are listening to our employees and providing for them.”

In 2012, the invoice finance specialist refreshed its reward proposition, which has helped to serve as a differentiator in what can be a competitive industry. In addition to its employee benefits package, Bibby’s holistic approach to its total reward offering includes professional development opportunities and the chance to work at one of its international offices.

“If [someone] is making the decision to come and join us or to stay with Bibby then we really think that reward can be a differentiator,” says Smith. “We have worked hard on listening to our employees, taking on board feedback and then sharing that back with them.”

Following employee feedback, three new benefits were introduced in 2015: a will-writing service, money-saving tool Money Boost, and subsidised cancer screening provided by Bluecrest. The new benefits were available through the organisation’s annual flex window in November 2015, which achieved a 99% engagement rate.